US November new home sales +5.9% vs -14.8% prior

• Prior revised to -14.8% m/m
• Sales at 0.664m vs 0.660m expected
• Supply at 8.9 months vs 9.2 months prior
• Median price $402,600 vs $429,600 prior
• Median price -6.3% y/y

With 30-year fixed rates back up above 7%, it’s looking like 2025 will be a tough year in the housing market. This number is largely in line with expectations.

This article was written by Adam Button at www.forexlive.com.